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Peoples Financial exec RSUs vest, 788 shares withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. (PFIS) reported insider equity activity by EVP/Chief Lending Officer Jeffrey A. Drobins. On 8/29/2026, 1,887 RSUs converted into an equal number of common shares, with 788 shares withheld at $69.63 per share to cover exercise price or tax liability. Drobins continues to hold RSUs scheduled to vest annually through 2032, plus 5,907.582 common shares and 155 time-based restricted shares he solely owns, and 308 shares held indirectly in the PSBT 401(k) Profit Sharing Plan.

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Insider Drobins Jeffrey A
Role EVP/CHIEF LENDING OFFICER
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F3, F4 1,887 $0.00 $0.00
Exercise Common Stock F1 1,887 -- --
Exercise Price or Tax Liability Common Stock F2 788 $69.63 $55K
holding Restricted Stock Units F5, F6, F7 -- -- --
holding Restricted Stock Units F5, F8 -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 10,865 shares (Direct); Common Stock — 6,062.582 shares (Direct); Common Stock — 308 shares (Indirect, PSBT 401(k) Profit Sharing Plan)
Footnotes (8)
  1. F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  2. F2. This amount includes 155 shares of time based restricted common stock solely owned by Mr. Drobins and 5,907.5820 shares solely owned by Mr. Drobins.
  3. F3. On 8/29/2025, Mr. Drobins was granted 11,763 RSUs vesting in seven annual installments beginning 8/29/2026.
  4. F4. 1,887 RSUs vested on 8/29/2026 leaving 1,646 RSUs to vest each year on 8/29/2027, 8/29/2028, 8/29/2029, 8/29/2030, 8/29/2031, and 8/29/2032.
  5. F5. Each RSU represents a contingent right to receive one share of PFIS common stock.
  6. F6. On 3/28/2025, Mr. Drobins was granted 804 RSUs vesting in three annual installments beginning 3/11/2026.
  7. F7. 274 RSUs vested on 3/11/2026 leaving 266 RSUs to vest on 3/11/2027 and 264 RSUs to vest on 3/11/2028.
  8. F8. On 6/26/2026, Mr. Drobins was granted 715 RSUs vesting in three annual installments beginning 6/26/2027.
RSUs converted to common stock 1,887 shares RSUs converted into PFIS common stock on 8/29/2026
Shares withheld for exercise price or tax liability 788 shares PFIS common shares disposed of at $69.63 per share on 8/29/2026
Disposition price per share $69.63 per share Price for 788 PFIS common shares used to pay exercise price or tax liability
RSUs granted 8/29/2025 11,763 RSUs Grant to Drobins vesting in seven annual installments beginning 8/29/2026
RSUs remaining from 8/29/2025 grant per year 1,646 RSUs To vest annually on 8/29 from 2027 through 2032
RSUs granted 3/28/2025 804 RSUs Grant vesting in three annual installments beginning 3/11/2026
Solely owned common shares 5,907.582 shares PFIS common shares solely owned by Drobins, excluding restricted stock
Time-based restricted common stock 155 shares PFIS restricted common shares solely owned by Drobins
Restricted Stock Units financial
"Restricted stock units (RSUs) convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time based restricted common stock financial
"This amount includes 155 shares of time based restricted common stock"
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
PSBT 401(k) Profit Sharing Plan financial
"Common Stock ... 308.0000 ... PSBT 401(k) Profit Sharing Plan"

FAQ

What insider transaction did PFIS executive Jeffrey A. Drobins report on 8/29/2026?
Jeffrey A. Drobins reported the vesting and conversion of 1,887 RSUs into PFIS common stock on 8/29/2026, with a portion of the resulting shares withheld to cover exercise price or tax obligations.

How many PFIS shares were withheld for taxes or exercise price in this Form 4?
The filing shows 788 shares of PFIS common stock were disposed of at $69.63 per share, designated as payment of exercise price or tax liability in connection with the RSU vesting.

How many PFIS RSUs did Jeffrey Drobins have vest and how many remain from the 8/29/2025 grant?
From the 11,763 RSUs granted on 8/29/2025, 1,887 RSUs vested on 8/29/2026, leaving 1,646 RSUs scheduled to vest each year from 2027 through 2032.

What other PFIS RSU grants and vesting schedule does Drobins have outstanding?
Drobins received 804 RSUs on 3/28/2025, with 274 vested on 3/11/2026 and 266 and 264 RSUs vesting in 2027 and 2028. He also holds a 715 RSU grant from 6/26/2026, vesting in three annual installments starting 6/26/2027.

What are Jeffrey Drobins’ reported PFIS share holdings after these transactions?
A footnote states Drobins solely owns 5,907.582 PFIS common shares plus 155 time-based restricted common shares. He also has 308 PFIS shares held indirectly through the PSBT 401(k) Profit Sharing Plan.

How do PFIS RSUs held by Drobins convert into common stock?
Each reported RSU represents a contingent right to receive one share of PFIS common stock, and restricted stock units convert into common stock on a one-for-one basis when they vest.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Drobins Jeffrey A
(Last)(First)(Middle)
C/O PEOPLES SECURITY BANK & TRUST CO
30 E D PREATE DRIVE
(Street)
MOOSIC PENNSYLVANIA 18507
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL SERVICES CORP. [ PFIS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP/CHIEF LENDING OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/29/2026M1,887A(1)6,850.582D
Common Stock08/29/2026F788D$69.636,062.582(2)D
Common Stock308IPSBT 401(k) Profit Sharing Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)08/29/2026M1,887 (3) (3)Common Stock1,887$09,876(4)D
Restricted Stock Units(5) (6) (6)Common Stock274530(7)D
Restricted Stock Units(5) (8) (8)Common Stock715715D
Explanation of Responses:
1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
2. This amount includes 155 shares of time based restricted common stock solely owned by Mr. Drobins and 5,907.5820 shares solely owned by Mr. Drobins.
3. On 8/29/2025, Mr. Drobins was granted 11,763 RSUs vesting in seven annual installments beginning 8/29/2026.
4. 1,887 RSUs vested on 8/29/2026 leaving 1,646 RSUs to vest each year on 8/29/2027, 8/29/2028, 8/29/2029, 8/29/2030, 8/29/2031, and 8/29/2032.
5. Each RSU represents a contingent right to receive one share of PFIS common stock.
6. On 3/28/2025, Mr. Drobins was granted 804 RSUs vesting in three annual installments beginning 3/11/2026.
7. 274 RSUs vested on 3/11/2026 leaving 266 RSUs to vest on 3/11/2027 and 264 RSUs to vest on 3/11/2028.
8. On 6/26/2026, Mr. Drobins was granted 715 RSUs vesting in three annual installments beginning 6/26/2027.
/s/ James M. Bone, Jr., CPA, Attorney in Fact for Jeffrey Drobins09/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR